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REDUCED $850,000 FOR IMMEDIATE SALE!

2 Industrial Properties Offered at $9,426,175 CAD in Inglewood, CA

Investment Highlights

  • Minutes to LAX - "perfect" location West of the 405
  • One Tenant is MTM - immediate flexibility for an owner/user and/or massive, immediate upside for an investor
  • 5% CAP NOW. 5.7% CAP IN 9 MONTHS!
  • Only 1 block from new LAX Intermodal Transportation Facility
  • 2 APNs, 2 tenants

Executive Summary

PRICED TO SELL AT A 5% CAP NNN. "2025" CAP RATE WILL BE 5.7%. 
HIGH FUNCTIONALITY AND OBVIOUS LOGISTICAL STRENGTHS THAT CANNOT BE REPLICATED IN OTHER BUILDINGS.  OR IN OTHER GREATER LA SUBMARKETS. 
One of the most sought-after locations in Greater LA, for industrial tenants, particularly logistics, auto body and supporting services for the aircraft and rental car industries, situated perfectly between the 405 Fwy. and LAX.
A block from the NEW, "future entrance to LAX", aka the $6B Intermodal Transportation Facility - a 3MM sq. ft. hub of parking, rental cars, concessions and access to-and-from LAX's 9 aircraft terminals.  Once fully operational, travelers will enter and exit LAX through this facility - riding a tram along Century Blvd., to-and-from the terminal buildings.
519 S. Hindry aka 5 Star Doggie Inn (7,762 sq. ft. on a 11,471 sq. ft. lot):
A  build-out of warehouse, boarding and office with a secured, rear yard and ample parking in front.  Currently paying $13,200 per month.  THIS TENANT IS ON A MONTH-MONTH RENTAL AGREEMENT.  Immediate flexibility for a Buyer.  Market rent estimated at $14,500 per month.
523 S. Hindry aka Auto Body Pros (7,174 sq. ft. on a 13,141 sq. ft. lot):
A large warehouse-type structure, with a newer roof, housing an auto repair and body shop.  And 2 PERMITTED SPRAY BOOTHS ALSO - RARE AND HARD TO ESTABLISH, IF YOU WERE A NEW TENANT IN LA.  This amenity has significant inherent value.  Currently paying $13,978 per month.  Market rent estimated at $17,250 per month - this lease jumps to "market" May 2025.
Current NNN income $326,136 per year. Market NNN income May 2025 could be $381,000!
Just Reduced $850,000.
PRICED TO SELL AT $6,650,000.

Property Facts

Price $9,426,175 CAD
Price / SF $629.50 CAD / SF
Cap Rate 4.90%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,974 SF
Total Land Area 0.87 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
523 S Hindry Ave, Inglewood, CA 90301 Industrial 7,174 SF 1951 -
519 S Hindry Ave, Inglewood, CA 90301 Industrial 7,800 SF 1960 -
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  • Listing ID: 31964874

  • Date on Market: 2024-05-30

  • Last Updated:

  • Address: REDUCED $850,000 FOR IMMEDIATE SALE!, Inglewood, CA

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